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Small Hydropower Market Segmentation by Capacity (Up to 1 MW, 1–10 MW, and Others); by Type (Micro Hydropower, and Mini Hydropower); by End-User (Commercial, Utility-Scale, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Small Hydropower Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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  • October, 2021: Bharat Heavy Electricals Limited (BHEL) completed the Renovation & Modernization of Baira Siul Hydro Power Station in Himachal Pradesh, India.

  • February, 2021: Toshiba Energy Systems & Solutions Corporation to provide turbine and 30MW bulb hydroelectric generator units for the Hubei Xinji Hydropower Plant in China.

Global Small Hydropower Market Highlights over 2022 – 2030

The global small hydropower market is estimated to grow at a CAGR of ~2.5% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the growing demand for electricity in remote areas, combined with the rising adoption of hydropower globally. Hydropower plants use flowing water to generate electricity, which is a renewable form of energy. The growing adoption of hydropower is estimated to facilitate the market growth in the upcoming years. According to the statistics of the International Energy Agency (IEA), hydropower generation has increased by over 2% in 2019, which is further expected to increase significantly by the end of 2030. The government initiatives to promote electrification of villages in developing nations is also projected to act as a major growth driver for the market. Along with this, requirement of lesser investment, and land in small hydropower plants, coupled with increasing investment by private sector companies in hydro energy, are estimated to boost the market growth.

Small Hydropower

The market is segmented by capacity into up to 1 MW, 1–10 MW, and others out of which, the 1-10 MW segment is anticipated to hold the notable share in the global small hydropower market over the forecast period on account of flexible amount of energy generation, which can be achieved with 1-10 MW plants. The increasing focus small-scale decentralized projects is also anticipated to promote the segment growth. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Electricity Consumption

In 2018, the world’s total energy supply was 14282 Mtoe, wherein the highest share in terms of source was captured by oil, accounting for 31.6%, followed by coal (26.9%), natural gas (22.8%), biofuels and waste (9.3%), nuclear (4.9%), hydro (2.5%), and other (2.0%). Where there was an increase in energy demand in 2018, the year 2019 witnessed slow growth as the energy efficiency improved owing to decline in the demand for cooling and heating. However, in 2020, the electricity demand decreased by 2.5% in the first quarter of 2020 due to the outbreak of Coronavirus resulting in government-imposed shutdowns in order to limit the spread of the virus, which was further followed by shutdown of numerous business operations impacting their growth. This also resulted in decline of 5.8% in the worldwide CO2 emissions which was recorded to be five times larger than the one recorded during the global financial crisis in 2009. However, in 2021, the demand for oil, gas and coal is estimated to witness growth, which is further projected to create opportunities for market growth. Moreover, rising environment degradation and awareness related to climate change is motivating many key players to employ sustainable energy strategies and invest significantly in environment-friendly power generation technologies with an aim to promote sustainable development among various nations around the world. Such factors are anticipated to promote the growth of the market in upcoming years.

Global Small Hydropower Market Regional Synopsis

On the basis of geographical analysis, the global small hydropower market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness highest growth and gain largest share over the forecast period on the back of increasing adoption of hydro electricity in the APAC region, along with growing electrifications of villages in China, India, and Vietnam. As per the data by the International Hydropower Association (IHA), 14,446 MW new hydropower capacity was added in 2019, in the East Asia and Pacific, while 1609 MW capacity was installed in South and Central Asia.  The market in the North America region is anticipated to gain notable market share throughout the forecast period owing to the increasing adoption of hydropower in the United States and Canada, backed by the increasing private investment in hydropower

Small Hydropower Market

The global small hydropower market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global small hydropower market includes the following segments:

By Capacity

  • Up to 1 MW
  • 1-10 MW
  • Others

By Type

  • Micro Hydropower
  • Mini Hydropower

By End-User

  • Commercial
  • Utility-Scale
  • Others

Growth Drivers

  • Increasing Initiatives for Electrification of Remote Areas
  • Growing Adoption of Renewable Energy


  • Impact of Small Hydropower Projects on Surrounding Environment
  • Issues Related to Population Displacement 

Top Featured Companies Dominating the Market

  • Andritz AG
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Toshiba Energy Systems & Solutions Corporation
  • GE Group
  • Siemens AG
  • BHEL (Bharat Heavy Electricals Limited)
  • Kirloskar Brothers Limited
  • Harbin Electric Machinery Company Limited
  • Canyon Hydro
  • Cornell Pump Company


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